The iPad grew shipments at 26% y/y but “sales” as measured by sell-through were up 44%.
Overall, the company's revenue rose 27% in the quarter ending in September, while profit rose 24%. But the iPhone numbers, slightly higher than analysts were expected, weren't enough for investors to cheer. Also weighing on them: lower-than-expected iPad sales and concerns about the company's profit margins. Apple issued revenue guidance for the quarter ending in December of $52 billion, about $3 billion below analysts' expectations.